Gov't expects economic growth at 3pct in 2017

[4/19/2017 4:09:36 PM]

AMMONNEWS - Minister of Industry, Trade and Supply, Yarub Qudah said the government expects in the budget plan for the current fiscal year that the national economy will grow by 3 percent while exports are set to expand by 8 percent.

He added that public debt now comprises 94.5 percent of Gross Domestic Product (GDP), saying the budget deficit will reduce public spending on capital projects.

Qudah noted that the government is convinced that achieving development goals will come in partnership with the private sector. "Our philosophy today is to give leadership to the private sector through establishing and implementing projects in partnership with us (the government)," he said.

The minister gave his remarks in a session dubbed: "Obstacles facing the Jordanian Economy and the Role of the Private Sector" organized by the Jordan Young Entrepreneurs Association (YEA) in partnership with the Friedrich Naumann Foundation for Liberty (FNF) - Jordan.